Categories for India Post Office

Post Office Monthly Income Scheme (POMIS) Details

Post Office Monthly Income Scheme - infonine.in/blog

Post Office Monthly Income Scheme (POMIS) is one the post office scheme which offers a guaranteed return on your investment. So the investor wants to generate monthly income can open this account and get assured return on the investment. This scheme is very useful for retired persons. So as they can invest a lump-sum amount and earn the interest on monthly basis.

Senior Citizen Savings Scheme (SCSS) By Indian Post

Senior Citizen Savings Scheme - infonine.in/blog

Senior Citizen Savings Scheme is a Government Product which offer higher interest rate. The scheme was launched in Year 2004 for the benefit of senior citizens of India. The Tenure of the Senior Citizen Savings Scheme is 5 years from the date of opening of the account. On maturity the amount in the Senior Citizen Savings Scheme can be withdrawn by submitting Application Form E.However the deposit scheme can be extended by 3 years, after submitting the Form B within 1 year from the date of the maturity.